Algoma Central (TSE:ALC) Hits New 52-Week Low at $14.10

Shares of Algoma Central Co. (TSE:ALCGet Free Report) hit a new 52-week low on Wednesday . The stock traded as low as C$14.10 and last traded at C$14.10, with a volume of 29027 shares traded. The stock had previously closed at C$14.18.

Analyst Ratings Changes

Separately, Cormark lifted their target price on shares of Algoma Central from C$18.50 to C$19.50 in a research report on Thursday, May 2nd.

View Our Latest Stock Analysis on ALC

Algoma Central Price Performance

The stock’s fifty day moving average is C$14.68 and its 200-day moving average is C$14.85. The company has a debt-to-equity ratio of 56.05, a current ratio of 0.58 and a quick ratio of 2.06. The stock has a market cap of C$557.23 million, a PE ratio of 6.86 and a beta of 0.72.

Algoma Central (TSE:ALCGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported C($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.64) by C$0.20. The business had revenue of C$109.21 million for the quarter, compared to analyst estimates of C$119.00 million. Algoma Central had a return on equity of 11.50% and a net margin of 11.86%. As a group, equities analysts anticipate that Algoma Central Co. will post 2.1595745 EPS for the current year.

Algoma Central Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, June 3rd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Thursday, May 16th. Algoma Central’s payout ratio is currently 36.71%.

Algoma Central Company Profile

(Get Free Report)

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.

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